HRsmart Named to Software 500

<p><strong>Richardson, Texas &mdash; Dec. 12</strong><br />HRsmart announced its inclusion on the <em>Software Magazine</em>&rsquo;s Software 500 ranking of the world&rsquo;s largest software and service providers, now in its 25th year.<br /><br />HRsmart was ranked 438, with software revenue of $6.3 million.<br /><br />&ldquo;The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007, the ranking year. The industry continues to be dynamic, with more than 98 new companies on the list this year for the first time,&rdquo; says John P. Desmond, editor of <em>Software Magazine </em>and Softwaremag.com. &ldquo;The top four business sectors this year are system integration services/IT consulting, application development, financial applications and security tools/systems. It may be the case that the difficulty companies have in developing and keeping their own IT skilled workers is driving demand for services firms.<br /><br />&ldquo;Total employee head count is up 14.7 percent from the previous year&rsquo;s Software 500, reversing the decline of last year. Sectors seeing the highest rates of employee growth included search/portal tools, security/tools/systems, messaging/communications and wireless/mobile,&rdquo; Desmond says. &ldquo;In addition, about 73 percent of the Software 500 companies saw revenue growth in 2006.&rdquo;<br /><br />&ldquo;The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners,&rdquo; Desmond says. &ldquo;It is a quick reference of vendor viability. That is content of value.&rdquo;<br /><br />Some 37 percent of the 2006 Software 500 companies are privately held.<br /><br />The Software 500 is a revenue-based ranking of the world&rsquo;s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.<br /><br />Go to www.myswmag.com to subscribe to digital <em>Software Magazine</em> and be among the first to see the 2007 Software 500. It is being released first in the digital publication. The online Software 500 on Softwaremag.com, to be posted at a later date, is searchable by primary business sector.<br /><br />The ranking is based on total worldwide software and services revenue for 2006. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents. </p>